XRP ETFs Drive $130M Inflows as Altcoin Tests Key Resistance

Recent launch of XRP-linked exchange-traded funds (ETFs) resulted in substantial investor interest, with over $130 million flowing into Grayscale’s GXRP and Franklin Templeton’s XRPZ products. This surge comes amidst institutional investment momentum for the digital asset, pushing the price to test key resistance at $2.20. 80 million tokens were added to the ETFs on November 24th, contributing significantly to a total assets under management (AUM) of $778 million. The strong performance of these new ETFs surpassed the initial demand for crypto ETFs in general.